Bitcoin Hits Seven-Week High As Crypto Markets Surge In Oct
Crypto markets have surged over the past day, culminating in a seven-week high for Bitcoin as the historically bullish month of October begins.
Bitcoin (BTC) prices have skyrocketed 4% over the past 24 hours, with the world’s leading digital asset hitting $119,450 on Coinbase in early trading on Thursday, according to TradingView.
This is the highest price Bitcoin has reached since Aug. 14, seven weeks ago, when it started correcting from its all-time high.
Bitcoin has now cleared resistance at $117,500, but faces a little more at the $120,000 level. A break above this level would clear the way for new peak prices, but it has cooled slightly, retreating to $118,947 at the time of writing.
The big move has pulled total market…
